What are some tips for playing Monopoly effectively?

To play Monopoly effectively, one must blend strategy with shrewd financial management. It is crucial to acquire a set of properties to start building houses and hotels as quickly as possible, focusing on monopolies that offer the best return on investment such as the orange and red properties. Smart negotiation to acquire these assets can be pivotal. Additionally, it's wise to maintain a cash reserve for rent and other expenses to avoid being forced to mortgage properties at inopportune times. Investing in railroads can also provide steady income, while utilities are less strategic. Player positioning on the board should influence decision-making, particularly when considering property purchases or building upgrades. Lastly, being aware of the remaining cards in the Chance and Community Chest decks can influence decisions when passing corresponding spaces.